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Business Brokerage With more than 375 million tons of freight moving through New Jersey every year, Union County officials believe the revitalization of the Rahway Valley and Staten Island railroads will allow the county to lure new businesses to the region.

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Forex Broker The close proximity to Port Newark/Elizabeth on the county's eastern end, combined with the increasing congestion on area roadways, only serves to make Union County an attractive location for business, officials say.

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Online Brokerage But the plan is not selling with local leaders, who are under fire from residents, many with houses along the railroad tracks, who do not want to see freight trains return after more than a decade of peace and quiet.

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Real Estate Broker If all goes according to plan, freight trains will be rolling again between Cranford and Linden by spring, said Gordon Fuller, chief executive officer of the Morristown&Erie Railway, which was hired by Union County to operate a short-line freight service.

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Agency Brokerage Spark Freight trains would be operating between Cranford and Summit by 2005, Fuller said, conceding that at this time, the $7.5 million set aside to repair the nearly 14 miles of railbed will not be enough to complete the project.

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Business Broker And that would be just fine with Kenilworth Mayor Michael Tripodi.

Brokerage Account "The Rahway Valley went inactive as a result of lack of use," Tripodi said. "We have a declining manufacturing base ... and it's gotten worse since '92, not only with businesses moving out of state, but out of the country."

Stock Broker Tripodi said he finds it frustrating that neither the Morristown& Erie Railway nor the county will identify the firms that will use the rail lines and that he has seen no financial figures that justify the expense of resurrecting the service.

Brokerage Online Stock Trading "Personally, I think it's the wrong approach--this 'Field of Dreams' approach, of 'build it and they will come.'" he said.

Broker Justin Ticket Fuller disagrees. The Morristown& Erie Railway's track record in Morris County shows that the need is there for local rail freight service, he said, and claims that the M&E can help foster business in Union County just as it did in Morris.

Real Estate Brokerage "There is merit to what is being proposed," said Martin Robins, director of the Alan M. Voorhees Transportation Institute at Rutgers University. The institute analyzes transportation policy issues.

Commodity Broker "There are flourishing short-line railroads all over New Jersey, and they are proving over and over again that the rail system can be an important part of the movement of goods," Robins said. "Aggressive businessmen in the short-line business are making inroads all over the state, and this is another element of that phenomena.

Brokerage House "The big railroads are largely interested in big movement, major moves from one point to another, like the GM plant in Linden, where parts are coming in and out every day," he said.

Real Estate Broker Exam "The short lines are looking for niche markets all over the state, and what they're finding is that there are manufacturers who can benefit from rail service. It's very retail-oriented."

Brokerage Services "The M&E is a reputable line," Robins said. "Gordon Fuller and his company have good intentions. They know what they're doing from a business perspective."

Broker Live Ticket According to several industrial real estate brokers, they continue to have clients who want rail access.

Online Brokerage Firm "I don't know that there are enough examples to point to any trend, but there have been cases where developers have gone out of their way to make rail accessible on a site, or where there have been tenants who have looked exclusively for rail," said Stanley Danzig, executive director of the commercial real estate firm Cushman and Wakefield.

Security Broker Dealer For the state Department of Transportation, there is an overall initiative to increase rail traffic in New Jersey.

Coldwell Banker Residential "We are always supportive of any efforts to take trucks off our highways. We're one of the most heavily congested states in the nation," said DOT spokeswoman Anna Farneski. "On average, every loaded rail car equals three to five truckloads."

Freight Broker Ron Weening, formerly Union County's supervising transportation planner and now a consultant to the county on transportation and economic development, said the county's analysis shows there is adequate business to sustain the Morristown& Erie Railway.

Freight Brokerage "We looked at this project as a job generator, one that will improve the tax base and generate spinoffs to the local economy," Weening said.

Broker Lie Ticket Even if completing the two rail lines costs as much as $12 million, the business that will be generated in the county and the region will equal or surpass that figure, he said.

4th Boost Brokerage By "This is not a project of instant gratification--how many customers do we have now?" said Fuller. "It's part of the process of restoring an industrial base to Union County."

Florida Mortgage Broker By Gabriel H. Gluck
Star-Ledger - 9/28/2003

Topic: Trains

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